It seems to me to be quite simple in the discreprency. the e-gold trust
has in fact purchased more gold than they are liable for, to cover all
liabilities, and to cover future liabilities when the time arises. It's
much simpler to buy 400oz bars at a time, than it is to divide gold to
two
Goldchanger.com has ripped me off and won't return emails or phone calls.
Any suggestions on what to do?
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Use e-gold's Secure Randomized Keyboard (SRK) when accessing
An interesting article concerning the gold price.
http://www.scoop.co.nz/mason/stories/HL0205/S00174.htm
Kind regards,
[EMAIL PROTECTED]
A Member of the Gaithman Group of Companies
An Accredited Founding Member of the
eCurrency Trade Association Inc
http://www.gold-today.com
Courage and
http://www.timesonline.co.uk/article/0,,2-316455,00.html
I'd probably also be quite chuffed (whatever that means!) if
I found such a nugget.
JMR
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Use e-gold's Secure
Craig dude - WHAT is it a balance sheet of?
the e-gold SP Trust? e-gold Ltd? GSR? ominpay?
E-Gold LTD!
They Trust just stores the gold. I don't think they have a balance sheet.
Sure it does man, we now know for a fact that there's one line item
unexplained.
The SPTrust 'owes' the
It's very simple: the extra gold is owned by the e-gold trust until it is
needed to cover user account liabilities.
Tristan, this is pure speculation.
Also, (i) its exceedingly unlikely (ii) you're quite muddled up.
Where TF does the trust get the USD to be owning so much gold? All
http://www.timesonline.co.uk/article/0,,2-316455,00.html
I'd probably also be quite chuffed (whatever that means!) if
I found such a nugget.
JMR
I would be more than chuffed I can tell you
Positively orgasmic in fact.
Kind regards,
[EMAIL PROTECTED]
A Member of the Gaithman
E-Gold doesn't purchase gold. The discrepancy is from storage fees,
accumulated over time.
Pure speculation
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(JP: Please at least read the end of this email. In spite of my initial
argument, I believe I concede something that has been a real burr on your
saddle.)
Patrick, this is another classic Problem WIth Internet Discussions
exactly as I mentioned!
True, but the Agreement also says (3.1.2)
Since I asked the original question about the discrepancy in the figures
(if anyone remembers) I STILL have not seen a satisfactory answer.
Seems to be whatever one interprets.
Kind regards,
[EMAIL PROTECTED]
Right, three cheers for you Michael!
You've been intelligent to say NOTHING.
*** CONCESSION
You know, it seems like the Trust could easily avoid this whole issue by
simply holding these other liabilities IN E-GOLD ACCOUNTS. Just take
the
19,106.21 gg and divvy it up into some new accounts. Boom! Assets =
Liabilities to e-gold account holders.
But you
--On 28 May 2002 00:20 -0500 Jim Davidson [EMAIL PROTECTED] wrote:
Dear JP,
compare to a pint bottle of wine (or milk) which is about
a pound.
A pint's a pound the world around.
at the risk of sounding like a pantomime dame, oh no it isn't...
That is, 16 fluid ounces
of water is
Craig,
(snip)
But you couldn't do that and list the liabilities of E-Gold LTD. E-Gold LTD
cannot have a liability to itself.
What we're seeing is an itemized
list of the Assets of E-Gold LTD, and their Liabilities. No matter how you
look at it, they have MORE assets than liabilities.
(end
From: [EMAIL PROTECTED]
(JP: Please at least read the end of this email. In spite of my initial
argument, I believe I concede something that has been a real burr on your
saddle.)
Patrick, this is another classic Problem WIth Internet Discussions
exactly as I mentioned!
It's not a
Hey Eric!
Welcome to the argument from hell! :)
What we're seeing is an itemized
list of the Assets of E-Gold LTD, and their Liabilities. No matter how
you
look at it, they have MORE assets than liabilities.
(end snip)
E-Gold LTD has a liability to their customers for the e-gold in their
From: [EMAIL PROTECTED]
[1] PC! there are actually numerous **very good reasons** that the
e-gold act 808081 might have more e-gold in in than the sum of all
1mdcGrams balances at that minute.
Good. Then there are numerous very good reasons that the Trust might have
more gold in it than
It seems to me to be quite simple in the discreprency. the e-gold trust
has in fact purchased more gold than they are liable for, to cover all
liabilities, and to cover future liabilities when the time arises. It's
much simpler to buy 400oz bars at a time, than it is to divide gold to
two
Tristan, this is pure speculation.
Dear JP,
It, in fact, may be. But here are the numbers.
Yesterday:
The e-gold trust owns (assets) 1,952,954.93 grams of gold
The e-gold trust owes (liabilities) 1,933,833.44 grams of gold
Today:
The e-gold trust owns (assets) 1,952,954.93 grams of gold
The
E-Gold doesn't purchase gold. The discrepancy is from storage fees,
accumulated over time.
Craig
Dear Craig,
I never said e-gold. I said the e-gold trust.
Hello Tristan!
I didn't mean to be so abrupt. However, the Trust does not purchase gold,
either. The only entity that purchases
... your assertion about accounting metatruths is just daft man, sorry!)
It's not a metatruth. It's just the way balance sheets are DEFINED.
Man -- that thing, html table, on the URL in question, is NOT a
balance sheet!!!
(Again - for the third or fourth time - if it is,
Now, I conceed I don't know for absolutely sure -
Right, you have no idea man.
Moreover, note:
JP - if one were running a rather large currency issuer like e-gold, ... [etc]
Dude, in your example, you're saying that Omnipay has some special
right to slop bullion in and out of the trust.
does anyone know where to purchase a good e-gold automation software thats
able to send 100's to 1000's of payments automattically and be able to send a
certain percentage of the spend made (15% of $100) without working all the
details into a spread sheet...I would like to just download the
Man -- that thing, html table, on the URL in question, is NOT a
balance sheet!!!
Question JP: Why do you think it's not a balance sheet? Why not believe what
it says that it is, which is a list of assets and liabilities of E-gold LTD?
There might be some minutia left out of the
From: [EMAIL PROTECTED]
Man -- that thing, html table, on the URL in question, is NOT a
balance sheet!!!
I never said it was. However, the E-Gold Special Purpose Trust DOES have a
balance sheet, to which we are not privy. I am merely asserting that the
balance sheet, which DOES
Hello e-gold list members!
We invite you to drop by our new gold community at
http://www.thegoldcafe.com
You can add a link to our DIRECTORY if you wish.
Have a great day!
Mark
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Dear JP,
One more try. Let's forget about e-gold, e-gold trust, OmniPay, whatever.
If I run such a private currency issuer backed 100% by gold, and my
margins are big enough, I will only deal in 400oz bars, right? Anything
smaller is a waste, the market tells me so, perhaps.
Now imagine, there
Dude, in your example, you're saying that Omnipay has some special
right to slop bullion in and out of the trust.
Dear JP,
I sincerely didn't mean to imply this. I was only using e-gold as an
example, because, well, that's what everyone's talking about. In my
previous post I point out the
I like the site, but I cannot locate
any contact information for the business
or the people managing it. Who are they,
where is the company located and how can
customers contact them?
Dave Brooks
Editor / Bricks of Gold Website eZine
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There are many, many explanations as to What The Extra Gold is
Dear JP,
Ok, I leave it to an official agent of e-gold/OmniPay/GSR to state their
official comment.
Which, I gather from historical examples, is - no comment.
;-)
Tristan
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Tristan Petersen wrote:
Now imagine, there are currently 10 bars in the vault (let's assume for
simplicity all bars are 400oz). Now, there is 4,000oz in the reserve.
Suppose, now, a customer comes along and says I want 40oz of gold. Do I
buy a 400oz bar, chop it up, then put 40oz in the
Man,, you've been dogging e-gold (for days now) over their specifics, but
then you answer a question about 1mdc's accounting practices like this
mish-mash answer below!!
If you're so unhappy with e-gold why don't you back 1mdc with Gold Money so
we don't have to read 500 e-mails making
If you're so unhappy with e-gold why don't you back 1mdc with Gold Money so
we don't have to read 500 e-mails making mountains of mole-hills.
Sorry, I forgot --- the answer to this one is that you would need more than
Half a Dozen regular users/ customers to make 1MDC work, and using GMoney
From: Greg [EMAIL PROTECTED]
www.goldchanger.com now no longer answers my emails.
They currently owe me $597.00 for 3 money orders, the 1st of which was
mailed to them over 25 days ago. The last I heard from them was 8 days
ago by email, saying that they received my funds and will fund my
--
From: [EMAIL PROTECTED]
To: e-gold Discussion [EMAIL PROTECTED]
Subject: [e-gold-list] Re: the liberty dollar
non-profit anythings should be bundled up, beaten with a stick and
burned :) if there's no profit its no good the norfed folks
should be making millions -- I hope they
I need to pay someone in paypal, so I need to get some more
money into my paypal account quickly.
I can exchange $160 in e-gold for $160 in paypal.
Any takers from established exchange providers with a balance in
their paypal accounts?
Regards,
Ragnar
=
Liberty Impact!
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